S&P index approaches key 100 day MA

The major US stock indices are ending the session with solid gains.

  • The S&P is up 25.87 points or 0.97%% at 2697.79. The high reached 2701.27. The low extended to 2674.14.
  • The NASDAQ is closing up 73 points or 1.0% at 7339.90. The high reached 7344.80. The low extended to 7259.05
  • The Dow is closing up 182.26 points or 0.75%. The high reached 24586. The low extended to 24323.

For the S&P the price got close to its 100 day MA at 2705.61. Since March 22, the price has only briefly closed above that MA line. A move and close above tomorrow (or going forward) would be more bullish. Be aware.

Banks and financials and tech did well today

  • Micron +5.0%
  • First Solar, +3.29%
  • Alphabet, up 2.82%
  • Bank of America, +2.66%
  • J.P. Morgan, +2.18%
  • Nvidia, +2.09%. They will report their earnings tomorrow after the close.
  • Twitter, +1.99%
  • Facebook, +1.96%
  • Citigroup, +1.35%
  • Intel, +1.31%

Some losers in the face of the stronger market includes:

  • Walmart, -3.14%
  • United Continental, -2.86%
  • Ford Motor, -1.91%
  • Walt Disney, -1.81%
  • Delta Air Lines, -1.45%
  • Alibaba, -0.46%
  • Celgene, -0.40%